No license shall be granted to an applicant until the applicant shall furnish evidence satisfactory to the Local Commissioner that the applicant is covered by a policy of dram shop insurance issued by a responsible insurance company authorized and licensed to do business in the state insuring the applicant against liability which the applicant may incur under the provisions of 235 ILCS 5/6-21 and specifically designating the village as an additional insured. The evidence of the insurance policy shall indicate that the term of the insurance is of sufficient length to encompass the period of the license sought.
Statutory reference:
Insurance requirements, see 235 ILCS 5/6-21 et seq.